Union Street Correlations

Mutual Funds . USA . 
Fund . Union Street Partners
USPFX Fund  USD 32.13  0.03  0.09%   
The current 90-days correlation between Union Street Partners and Union Street Partners is 0.99 (i.e., No risk reduction). The correlation of Union Street is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Union Street Correlation With Market

Good diversification

The correlation between Union Street Partners and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Street Partners and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Union Street Partners. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Union Mutual Fund

  1.0USPCX Union Street PartnersPairCorr
  1.0USPVX Union Street PartnersPairCorr
  0.97VVIAX Vanguard Value IndexPairCorr
  0.97DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.97DODGX Dodge Stock FundPairCorr
  0.97VIVAX Vanguard Value IndexPairCorr
  0.99ACMDX Absolute Capital DefenderPairCorr
  0.97PHDAX High Yield FundPairCorr
  0.98VSRAX Invesco Small CapPairCorr
  0.98OANEX Oakmark InternationalPairCorr
  0.9RYEAX Energy Fund ClassPairCorr
  0.98AACPX American Century OnePairCorr
  0.94SBFAX 1919 Financial ServicesPairCorr
  0.68GLEAX Goldman Sachs MlpPairCorr
  0.97FSLBX Brokerage And InvestmentPairCorr
  0.97SPECX Alger SpectraPairCorr
  0.85FFBAX First Foundation FixedPairCorr
  0.84BGY Blackrock InternationalPairCorr
  0.95BICPX Blackrock ConservativePairCorr
  0.98MBXFX Catalystmillburn HedgePairCorr
  0.86MMCFX Amg Managers Emerging Steady GrowthPairCorr
  0.97KTRIX Deutsche Global IncomePairCorr
  0.96JSCRX Prudential Jennison SmallPairCorr
  0.84LUBIX Thrivent IncomePairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Union Mutual Fund performing well and Union Street Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Union Street's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
USPFX  0.77  0.25  0.10 (2.12) 0.59 
(0.88)
 1.92 
(1.48)
 6.42 
USPCX  0.77  0.25  0.10 (2.35) 0.60 
(0.88)
 1.91 
(1.50)
 6.42 
USPVX  0.73  0.25  0.10 (2.49) 0.61 
(0.80)
 1.81 
(1.50)
 6.44 
LMPPX  0.58  0.09  0.08  0.25  0.53 
(0.66)
 1.76 
(1.02)
 3.78 
FIEZX  0.45  0.15  0.12  0.49  0.04 
(0.58)
 1.32 
(0.83)
 3.12 
IIFSX  0.27  0.03 (0.10) 0.24  0.50 
(0.31)
 0.57 
(0.38)
 3.57 
MSAAX  0.46  0.13  0.07  0.51  0.11 
(0.54)
 1.12 
(0.78)
 2.84 
OWCIX  0.27  0.01 (0.30) 0.20  0.24 
(0.30)
 0.52 
(0.51)
 1.43 
AHMFX  0.18  0.01 (0.52)(0.13) 0.19 
(0.21)
 0.34 
(0.34)
 1.22 
TIERX  0.62  0.20  0.07 (2.41) 0.51 
(0.73)
 1.38 
(1.31)
 3.29 

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